Investors ride the wave in secondary markets, including Birmingham

Michael RandmanBy Michael Randman, Southpace Broker

According to Real Capital Analytics, investment sales surpassed $355 billion in 2013. That’s a 19 percent increase from the $299 billion in sales in 2012.

What’s behind this boost in investment sales?

As well described in this recent article, “Surf’s Up,” published in CCIM’s Commercial Investment Real Estate magazine, we’re starting to see a trickledown effect in our local market. National buyers are purchasing commercial properties here in Birmingham because of the arbitrage in CAP rate pricing.

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What do foreign investors have to do with local CRE?

investorBy Blake Thomas, Associate Broker

Did you know that in 2013, institutional and private investors “accounted for about half of the $6.4 billion total sales volume” for the U.S.?  In this article, properly titled, Private and institutional investors made up half of commercial real estate sales, the author shows how these investors are changing up the market. While a large number of these investors were from foreign countries, real estate investment is becoming an increasingly global business.

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Forbes’ Commercial Real Estate Forecast: Is it looking bright?

construction-hand-shakeBy Blake Thomas, Associate Broker

Recently I came across an article on Forbes entitled, Commercial Real Estate Forecast 2014-2015. The article gives a report on the national progress of Commercial Real estate in the recent months and how it will impact the industry going forward. While providing some interesting statistics, the piece also forecasts upcoming commercial real estate trends for 2015. According to Forbes’, the future is definitely looking bright.

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Southpace Brokers Complete Local March Transactions

Conns_redFrom Newk’s to The Diamond Group, Southpace brokers had a lot going on during March. Here’s a closer look at our March deals:

Bryan Holt, CCIM and Tyler Bradford, CCIM represented Conn’s in the leasing of 43,012 SF at County Line Plaza in Jackson, Mississippi. Conn’s is a specialty retailer and provider of consumer credit that offers home appliances, furniture, mattresses and consumer electronics to its customers. The store, which is Conn’s first location in Mississippi, plans to open this May.

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Southpace Welcomes New Retail Portfolio Manager and Associate Brokers

Southpace is pleased to introduce three new faces to our team. Each brings their own set of knowledge, skills, and expertise to the firm, and we’re more than excited to have them join us!

Travis RutherfordTravis M. Rutherford, CSM. Travis joined Southpace in March of this year as the Retail Portfolio Manager in the Southpace Management, Inc. division. As an Auburn University graduate, he brings with him more than 19 years of commercial real estate experience, including real estate/property management, site analytics/selection, acquisition and development, as well as corporate real estate consulting.

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